CBRE: Over $1T To Enter The Global Commercial Real Estate Market In 2016
Real estate investors plan to spend more than $1 trillion to enter global real estate markets this year, up 6% from 2015, a new CBRE survey reveals.
The data, from CBRE's Global Investor Intentions Survey 2016, was gathered during early 2016, capturing the negative sentiment surrounding China's stock market troubles.
But this volatility wasn't enough to scare off buyers, as the majority of investors said their buying activity will increase or remain the same in the coming year, World Property Journal reports.
North America—the world's "safe deposit box"—is the most desired location for investment, says CBRE, drawing 48% of funds—ahead of Western Europe’s 28%. Investors surveyed will continue to have a strong preference for gateway cities like NYC and S.F. [WPJ]